SIPP and pensions provider STM Group has agreed in principle to a £41m takeover bid from Guernsey-based investment vehicle PSF Capital GP II Limited, better known as Pension SuperFund Capital.

With all the problems in the SIPP sector over the past few years SIPPs should be dead and buried by now.

Sales of Self Invested Personal Pensions (SIPPs) bounced back in 2022 to reach nearly 900,000 new plans arranged - the highest level since 2018.

Octopus-owned investment platform Seccl has launched a fully digital and paperless drawdown SIPP.